[jdoliner]

I think you missed the articles main point about how VCs use the information and experiences that they have. It's not just that they're better at picking good investments, they are somewhat better but as you correctly point out information is becoming more and more available so others will be able to catch up. The real value of their experiences is that after they invest they continue to help the company succeed with advice, introductions and a million other things. As an entrepreneur that's the value I'm looking for when selecting an investor. Even if you've read everything online and know with 100% certainty which companies are going to succeed you've still got to get them to take your money or your information is worthless. Entrepreneurs will only ever take money from a person like that if they're desperate, if they can get money from a "real" investor who'll bring value beyond just the money.

In short, I think you're claim that we're going to see an evening of the playing field is wrong. If anything I think we'll see even more concentrated results as more and more people decide that anyone can be a VC and fail.